Installing solar panels has a lot of benefits, but could it damage your roof during or after installation? Read our blog to learn more about common solar installation damages and how you can prevent them.
Federal Solar Tax Credit (ITC) is a great way to save up to 26% of your investments when going solar. But it won’t last forever. Read our blog and learn why 2022 is the last year to qualify for the 26% solar tax credit.
Learn about commercial solar solutions in Florida from a top-rated solar installer - PPM Solar. In this blog, we cover the main benefits and why you should go solar now.
Got your solar panels installed but wonder if you need a solar battery storage system? Ready our blog to learn about the benefits of solar storage for your household.
Meet our team in the new PPM Solar Staff Spotlight series. Today we are going to walk through the working experience of our Crew Lead of the PV installation team, Justin Reed. Justin Reed joined PPM Solar a few years ago when a friend recommended applying with the company. He began his service as the Warehouse Manager and soon grew into his current position as Crew Lead of the PV installation team.
Michael Collins launched his solar career in 2012 while achieving his Bachelor of Science in Business Administration from the University of Florida with a concentration in Finance. He says his finance degree has enabled him to demonstrate the best solar return on investment when assisting solar customers.
"It's as if solar power runs through Mike's veins," says one of his fellow team members at PPM Solar. Mike insists on spending quality time examining the details of a home or business to provide the best solution to reach the highest possible solar energy production.
"There are a lot of nuances to any given home or business—their energy use, their roof, their future energy use, and more," says Mike. He insists on spending time on-site with each prospect, evaluating surroundings and shading conditions, past electrical use, planned power increases (electric car, etc.), and the federal tax credit suitability. Only then can Mike feel confident that his proposed solution is the best for their circumstances.
Mike is also quick to acknowledge that the owners of PPM Solar and his colleagues have inspired his determination to succeed. Mike proclaims that "working in this industry has taught me that there truly is no replacement for hard work."
Mike balances his personal and work life with music, fishing, and boating. If you don't find him on the water, he's probably someplace rooting for one of his favorite football teams - Florida Gators and Miami Dolphins.
The entire PPM Solar team is grateful to Mike for his many years of dedicated service!
As a commercial business owner, did you know that you can reduce your reliance on the utility grid and lower your electric bill by installing a solar power generating system?
The primary operating expenditure of most businesses is the electric utility bill. According to the US Department of Energy, the average small company pays about $700 to $900 per month for power. For large enterprises, the cost of power can be many thousands of dollars per month.
Being reliant on the power grid also means your business is subject to electric rate fluctuations. Sudden price increases add uncertainty to your business, especially cash flow management. And if that's not enough frustration, utility pricing schemas are devised to charge higher prices during high-demand, peak usage times.
It would appear that utility power companies have the upper hand. Or do they?
Maybe it's time to ease the burden and look at how your business can benefit from solar panel installation. Getting your energy expenses under control with solar is a practical yet often overlooked method of increasing your bottom line. Your business can improve its bottom line by utilizing solar to stabilize fluctuations in energy expenses, protect against energy market volatility, and reduce payments to utility companies.
Solar technology is now an affordable alternative energy option for all business sizes. It's also a dependable electrical system that will save money, improve property value, and enhance public perception. Businesses that go solar receive an excellent return on investment within a short period.
The levelized cost of energy (LCOE) for solar is one-third the cost of traditional utility rates. Businesses that generate solar energy are guaranteed a 70% savings on energy for the useful life of a solar energy system, approximately 30 years.
The payback time on a commercial solar project is about 3.5 — 5.5 years, yielding a 15-30% annual return. Once the payback is reached, businesses enjoy free electricity for the additional 18-21 years.
When you use solar power, you save money in multiple ways. For one, you minimize your spending on conventional utility power and apply those savings towards investment in your business. As with any operating asset, solar has a Net Present Value (NPV), and in the case of solar, it is an attractive figure since the incentives help pay the upfront investment.
Along with saving big on your utility bill, you will be able to take advantage of a government tax incentive that covers 26% of the cost of new solar panel power system installation completed before 2023.
In addition, the Modified Accelerated Cost Recovery System (MACRS) program with Bonus Depreciation is available to reduce the upfront investment.
PPM Solar has the track record and experience to bring your commercial project to life. We have experience in Florida with a wide range of solutions for different industries, utilities, nonprofits, and academia.
By opening a conversation about a solar project, you start the process of benefiting your organization and demonstrating environmental stewardship to the business community and your customer base.
Let our experts guide you in this process and map out the best options for your business.
